Kolo Charities Inc in Lake Orion, Michigan (MI)
Table of contents:
| Kolo Charities Inc | |
| Employer Identification Number (EIN) | 382999444 |
| Name of Organization | Kolo Charities Inc |
| In Care of Name | Robert Kowalkowski |
| Address | 2410 Correll Dr, Lake Orion, MI 48360-2258 |
| Activities | Fundraising, Gifts, grants, or loans to other organizations |
| Subsection | Charitable Organization |
| Ruling Date | 10/1991 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $100,000 to $499,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $115,799 |
| Amount of Income | $71,813 |
| Form 990 Revenue Amount | $40,652 |
| National Taxonomy of Exempt Entities (NTEE) | Philanthropy, Voluntarism and Grantmaking Foundations: Fund Raising Organizations That Cross Categories |
Non-representatives - add comments:
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total revenue | $39,559 | $51,229 | $34,701 | $40,652 |
| Contributions, gifts, grants, and similar amounts received | $37,998 | $49,580 | $33,168 | $38,715 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 | $0 |
| Investment income | $1,561 | $1,649 | $1,533 | $1,937 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 | $0 |
| Gross income from gaming | $0 | $0 | $0 | $0 |
| Gross income from fundraising events | $21,157 | $29,294 | $34,647 | $31,161 |
| Less: direct expenses from gaming and fundraising events | $21,157 | $29,294 | $34,647 | $31,161 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 | $0 |
| Total expenses | $38,167 | $43,140 | $45,505 | $44,113 |
| Total net assets | $108,216 | $100,733 | $103,905 | $115,799 |
| Excess/Deficit for the year | $1,392 | $8,089 | $-10,804 | $-3,461 |
| Net assets or fund balances at beginning of year | $96,384 | $108,216 | $100,733 | $103,905 |
| Other changes in net assets or fund balances | $10,440 | $-15,572 | $13,976 | $15,355 |
| Net assets or fund balances at end of year | $103,905 | $115,799 | ||
| Balance Sheets | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Total assets | $108,216 | $100,733 | $103,905 | $115,799 |
| Total liabilities | $0 | $0 | $0 | $0 |
| Net assets or fund balances | $108,216 | $100,733 | $103,905 | $115,799 |
| Other Information | ||||
| 2010 | 2011 | 2012 | 2013 | |
|---|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | ||
| Were any significant changes made to the organizing or governing documents? | No | No | ||
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | ||
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | ||
| Amount of political expenditures, direct or indirect | $0 | $0 | ||
| Did the organization file Form 1120-POL for this year? | No | No | ||
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | ||
| Total amount involved | $0 | $0 | ||
| Initiation fees and capital contributions | $0 | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | ||
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | ||
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $200,001 |
| Subtotal Support | $200,001 |
| Gifts, grants, contributions, and membership fees received | $200,001 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $335,263 |
| Public Support | $200,001 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $10,938 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $124,324 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in Michigan | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Knights Templar Of The United States Of America | 17 E Mccoy Rd, Gaylord, MI 49735 | MI | 1964-01 | $48,055 |
| 2 | Knights Templar Of The United Status Of America | 1125 Weber Drive, Lansing, MI 48912 | MI | 1964-01 | $0 |
| 3 | Knightsbridge Charities Inc | 4424 Knightsbridge Ln, W Bloomfield, MI 48323-1627 | MI | 2002-07 | $9,200 |
| 4 | Knowledge Power | 5117 Shady Oak Trl, Flint, MI 48532-2359 | MI | 2002-09 | $4,500 |
| 5 | Knowlton Foundation | 317 Grand River Ave, Port Huron, MI 48060-3814 | MI | 2000-06 | $194,367 |
| 6 | Kogan Foundation | 39577 Woodward Ave Ste 110, Bloomfield, MI 48304-5083 | MI | 1945-05 | $2,311,597 |
| 7 | Kohn-Bancroft Family Foundation | 3389 W Linco Rd, Stevensville, MI 49127-9725 | MI | 2001-08 | $57,343 |
| 8 | Koinonia Foundation | 1939 Talamore Ct Se, Grand Rapids, MI 49546-9017 | MI | 2009-06 | $1,378,256 |
| 9 | Koinonia Homeschool Support Group Corporation | 3420 Owen Dr, Cedar Springs, MI 49319-8217 | MI | 2003-06 | $171,945 |
| 10 | Kollel Torah Mi-Tzion-Detroit Inc | 28440 Brooks Ln, Southfield, MI 48034-2005 | MI | 2001-07 | $93,301 |
| 11 | Kolo Charities Inc | 2410 Correll Dr, Lake Orion, MI 48360-2258 | MI | 1991-10 | $71,813 |
| 12 | The Konrad Foundation | 4710 W Saginaw Highway, Lansing, MI 48917 | MI | 2003-06 | $0 |
| 13 | Korean American Community Housing Services Inc | 2200 Genoa Business Park Dr, Brighton, MI 48114-7370 | MI | 1984-06 | $761,619 |
| 14 | Korean American Cultural Center Of Michigan | 24666 Northwestern Hwy, Southfield, MI 48075-2301 | MI | 2002-07 | $96,721 |
| 15 | Korean Dry Cleaning And Laundry Association In Michigan | 30100 Telegraph Rd Ste 411, Bingham Farms, MI 48025-4518 | MI | 1990-12 | $13,663 |
| 16 | Korean Society Of Metro Detroit | 24666 Northwestern Hwy, Southfield, MI 48075 | MI | 1987-09 | $0 |
| 17 | Korean-American Womens Association Of Michigan | PO BOX 530154, Livonia, MI 48153-0154 | MI | 1994-04 | $11,040 |
| 18 | Korff Foundation | 103 College Ave Se, Grand Rapids, MI 49503-5921 | MI | 1994-09 | $1,276,807 |
| 19 | Korybalski Family Foundation | 1801 Hermitage Rd, Ann Arbor, MI 48104-4504 | MI | 2003-01 | $21,739 |
| 20 | Kosins Family Foundation | 141 Harrow Lane, Saginaw, MI 48638-6093 | MI | 1986-02 | $11,216 |
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